First Solar (FSLR) TO Acquire Evolar For Up To $80M

First Solar (FSLR) plans to acquire Evolar, a European perovskite technology company and is working to strengthen global leadership in thin film photovoltaics. Geroge Tsilis discusses FSLR as it is to pay $38M at close and up to $42M in technical milestones. The impact of its 2023 operating expenses are expected around $2M-$4M. He then demonstrates an example trade using FLSR. The trade type is a cash-secured put and the direction is neutral to bullish. Tune in to find out more about the stock market today.